British Land (LON:BLND) Insider Purchases £89,244.56 in Stock

British Land Company PLC (LON:BLNDGet Free Report) insider David Walker bought 21,148 shares of the stock in a transaction on Friday, June 26th. The shares were bought at an average cost of GBX 422 per share, with a total value of £89,244.56.

David Walker also recently made the following trade(s):

  • On Monday, June 15th, David Walker sold 36,209 shares of British Land stock. The shares were sold at an average price of GBX 420, for a total transaction of £152,077.80.
  • On Tuesday, April 14th, David Walker acquired 40 shares of British Land stock. The stock was bought at an average price of GBX 383 per share, for a total transaction of £153.20.

British Land Trading Up 0.8%

Shares of BLND stock traded up GBX 3.40 during trading hours on Friday, hitting GBX 421. The company had a trading volume of 5,468,856 shares, compared to its average volume of 29,073,719. The company has a debt-to-equity ratio of 52.34, a current ratio of 0.15 and a quick ratio of 0.25. The stock has a market capitalization of £4.31 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 6.76 and a beta of 1.18. The company’s fifty day moving average is GBX 395.96 and its 200 day moving average is GBX 393.50. British Land Company PLC has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 432.

British Land (LON:BLNDGet Free Report) last posted its earnings results on Wednesday, May 20th. The company reported GBX 28.90 earnings per share for the quarter. The firm had revenue of £523 million during the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. Research analysts expect that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BLND shares. Shore Capital Group reaffirmed a “hold” rating on shares of British Land in a research note on Tuesday, April 21st. Jefferies Financial Group restated an “underperform” rating and set a GBX 305 target price on shares of British Land in a report on Tuesday, June 2nd. JPMorgan Chase & Co. dropped their target price on British Land from GBX 440 to GBX 430 and set a “neutral” rating for the company in a research report on Tuesday, June 9th. Berenberg Bank increased their price target on shares of British Land from GBX 531 to GBX 534 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, The Goldman Sachs Group lowered their price objective on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating for the company in a research note on Monday, March 30th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 446.44.

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About British Land

(Get Free Report)

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.

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